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MASSAAD HEART CENTER

Active
Private limited companyfounded 2023active for 3 yearsJubelfeestlaan 15, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0804.720.512
Summary

MASSAAD HEART CENTER has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €205,280 and a net result of €17,981. The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

Source: KBO
Status
Active since 10-08-2023 Normal situation
Activity
“La direction,l’organisation et la gestion de centres médicaux et de cabinets médicaux” (deed in French)From the articles, 4 activitiesNo NACE code in the KBO yet
Establishment unit
2.353.045.301 6041 Charleroi, since 10-08-2023
Financial year end
31 December
Peppol
Reachable since 01-01-2026

Board and ownership

Board
Shareholders
  • MASSAAD Michaëlact of 14-08-2023

Financial position

85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
€107,513
▼ 60.7%
Turnover
≈ €270,000
estimated
Profit
€17,981
▼ 90.4%
Equity
€205,280
▲ 9.1%
Total assets
€279,050
▼ 25.5%
Staff
≈ 0 FTE
estimated
Score breakdownraises riskFounded in 2023lowers riskSize: total assets €279,050Liquidity: current ratio 3.55, cash €43,298, halvedNo main activity registeredShow the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 56% of micro companies without a NACE code
Financial strength · tick: 2024
Strong
Solvency 99+24
equity 73.6% of total assets
Liquidity 66-12
short-term debt 15.3% · cash 15.5%
Profitability 49-51
return on assets 6.4%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 3.2% 01-2025: 3.2%● unchanged vs 12-2024 02-2025: 3.5%▲ +0.3 percentage points vs 01-2025 03-2025: 3.7%▲ +0.2 percentage points vs 02-2025 04-2025: 3.7%● unchanged vs 03-2025 05-2025: 3.6%▼ -0.1 percentage points vs 04-2025 06-2025: 3.6%● unchanged vs 05-2025 07-2025: 4.0%▲ +0.4 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -3.9 percentage points vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.3 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.55 (1.97 in 2024), above the usual 1.5. Short-term debt is 15.3% and cash 15.5% of total assets. 26.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 62% of them on solvency, 62% on liquidity, 35% on profitability and 66% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €279,050
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 3.55, cash €43,298, halved
NBB · annual accounts
lowers risk · No main activity registered
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
25 days early
2024
14 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 2 accounts on average 20 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Key points

  • Caution: Result fell in 2025from €186,465 to €17,981 ▼ 90.4% View

Recent changes

  1. · Gazette deed IncorporationFounding capital of €2,500, 100 shares · Founder: MASSAAD Michaël (comparant) · Appointment: MASSAAD Michaël (director)
All 4 events

Key facts about MASSAAD HEART CENTER

What is the company number of MASSAAD HEART CENTER?
The company number of MASSAAD HEART CENTER is 0804.720.512. The VAT number is the same number with BE in front: BE 0804.720.512.
Where is MASSAAD HEART CENTER based?
The registered office is at Jubelfeestlaan 15, 1080 Sint-Jans-Molenbeek.Company details
What is the legal form of MASSAAD HEART CENTER?
The legal form of MASSAAD HEART CENTER is Private limited company (BV).
When was MASSAAD HEART CENTER founded?
MASSAAD HEART CENTER was founded on 10-08-2023.
Is MASSAAD HEART CENTER still active?
Yes, MASSAAD HEART CENTER is an active enterprise in the KBO register.
What is the turnover of MASSAAD HEART CENTER?
The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €107,513 and 2,215 comparable companies of the same size. It probably lies between €180,000 and €420,000. It is a rough estimate.Financials
Is MASSAAD HEART CENTER profitable?
In financial year 2025, MASSAAD HEART CENTER made a profit of €17,981.
Where can I find the annual accounts of MASSAAD HEART CENTER?
MASSAAD HEART CENTER filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MASSAAD HEART CENTER due?
MASSAAD HEART CENTER must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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